Nuveen Taxable Municipal Income Fund
NBB
63 hedge funds and large institutions have $160M invested in Nuveen Taxable Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 5 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 12
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more capital invested
Capital invested by funds: $150M → $160M (+$9.62M)
3% more funds holding
Funds holding: 61 → 63 (+2)
0.5% more ownership
Funds ownership: 25.61% → 26.11% (+0.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.38M |
| 3 |
V
Veritable
Wilmington,
Delaware
|
+$1.07M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$571K |
| 5 |
LPL Financial
San Diego,
California
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.03M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$565K |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$485K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$351K |
| 5 |
Jane Street
New York
|
-$218K |
NBB Hedge Fund Activity: Q3 2020 in Review
63 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2020, worth a combined $160M — up 6.4% from $150M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBB positions and 5 closed out — a net gain of 2 holders — while 26 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2M. The largest seller was Sit Investment Associates, cutting an estimated $2.03M.
- 63 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2020, up from 61 in Q2 2020.
- Funds reported $160M of Nuveen Taxable Municipal Income Fund stock for Q3 2020, up 6.4% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2020 and 5 closed out, a net change of +2 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2020 was Wells Fargo, an estimated $2M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2020 was Sit Investment Associates, an estimated $2.03M sold.
Based on aggregated 13F filings for Q3 2020.